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Essays in economics of information and optimal contracting

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Figure

Figure 1.1. Relationship between optimal payments and ˆs.
Figure 1.2. Relationship between E C(sˆ) and ˆs.
Figure 1.3. Relationship between E R(sˆ) and ˆs.
Figure 1.4. Bias in the investment decision - Case where p > 0.5, Flow: long
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